EXHIBIT 12.1
DiamondRock Hospitality Company
Computation of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends
(in thousands, except ratio amounts)
Computation of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends
(in thousands, except ratio amounts)
Year Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Income (Loss) from Continuting Opeartions Before Income Taxes | $ | (6,530 | ) | $ | (32,121 | ) | $ | 43,553 | $ | 68,161 | $ | 37,453 | ||||||||
Fixed Charges | 49,777 | 54,670 | 53,698 | 54,514 | 40,168 | |||||||||||||||
Amortization of Capitalized Interest | 175 | 175 | 166 | 159 | 77 | |||||||||||||||
Capitalized Interest | (112 | ) | (19 | ) | (259 | ) | (50 | ) | (604 | ) | ||||||||||
Earnings | $ | 43,310 | $ | 22,705 | $ | 97,158 | $ | 122,784 | $ | 77,094 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense | $ | 45,524 | $ | 51,609 | $ | 50,404 | $ | 51,445 | $ | 36,934 | ||||||||||
Portion of Rent Related to Interest | 4,141 | 3,042 | 3,035 | 3,019 | 2,630 | |||||||||||||||
Capitalized Interest | 112 | 19 | 259 | 50 | 604 | |||||||||||||||
Fixed Charges | 49,777 | 54,670 | 53,698 | 54,514 | 40,168 | |||||||||||||||
Preferred Stock Dividends | — | — | — | — | — | |||||||||||||||
Combined Fixed Charges and Preferred Stock Dividends | $ | 49,777 | $ | 54,670 | $ | 53,698 | $ | 54,514 | $ | 40,168 | ||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 1.8 | 2.3 | 1.9 | |||||||||||||||||
Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends | $ | (6,467 | ) | $ | (31,965 | ) | $ | — | $ | — | $ | — | ||||||||